Earlier quoted context omitted.
Could you develop your train of thought to illustrate how this comment is coherent with another you've made elsewhere: > Affordability has nothing to do with gentrification.
Yes. I appreciate you asking. Today's gentrification is caused by wealthier people moving into neighborhoods, and making them less affordable. BUT this affordability reduction is relative to the price we were at before. The price we were at before is already extremely unaffordable due to insane building restrictions and a NIMBY attitude baked into regulation. If the city allowed the building of high-rises everywhere,…
It's probably not even possible to expand housing capacity to a significant degree in most locations it'd matters,
Even if it were, I contend the overall cost of living would go up dramatically (even in the hypothetical new high rises) due to transportation saturation and supply chain drama,
Also unless you literally double capacity everywhere what incentive do landlords (even new ones) have to moderate aggregate and individual rent growth? Since the state of the area is f'd today and demand is high, if there are any improvements demand can only go (dramatically) up.